Bangladesh Bank (BB) has relaxed rules for import of essential food commodities to ensure adequate supplies during the holy month of Ramadan.
Banks will open letters of credit (LCs) for import of items such as rice, wheat, onion, pulse, edible oil, sugar, egg, chickpea, spices and dates based on their relationship with clients, said a BB circular issued on Wednesday.
The central bank suggested banks keep minimum margins or advance on the import value from importers of Ramadan items.
The BB also directed banks to prioritise the settlement of LCs of food commodities.
BB relaxes LC rules for Ramadan commodities
more from Economy
LATEST News
- Overseas migration from Bangladesh drops 27.4% in 2024
- United ICT Forum formed to tackle against discrimination in tech trade bodies
- Efforts to bring back Hasina and others from India under extradition treaty: Home adviser
- Interim govt a continuation of Awami League: Anu Muhammad
- AL cannot join politics under its current name: BNP's Salahuddin
Top News
- 1Efficiency, neutrality and public-oriented service: Key points from reform commission report
- 2USAID’s footprints in Bangladesh: From post-war rebuilding to development efforts
- 3Unreasonable protests testing limits: Home affairs adviser
- 4Judiciary and public administration reform commissions submit reports to CA
- 5AL cannot join politics under its current name: BNP's Salahuddin
- 6High Court clears all accused in 1994 attack on train carrying Hasina
File Photo
Banks will open letters of credit (LCs) for import of items such as rice, wheat, onion, pulse, edible oil, sugar, egg, chickpea, spices and dates based on their relationship with clients, said a BB circular issued on Wednesday.
Desk Report
Publisted at 7:05 AM, Thu Nov 7th, 2024
